Wolfe Research Initiates Coverage On Maplebear with Peer Perform Rating
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Deepak Mathivanan has initiated coverage on Maplebear, listed as CART on NASDAQ, with a Peer Perform rating.
September 25, 2023 | 8:11 am
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Maplebear (CART) has been initiated with a Peer Perform rating by Wolfe Research.
The initiation of coverage by Wolfe Research with a Peer Perform rating suggests that the analyst believes Maplebear's stock will perform similarly to other stocks in its sector. This could potentially attract investors, but it's not necessarily a strong buy or sell signal. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100